15,541 Toronto Dominion Bank (The) $TD Shares Acquired by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. increased its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 5.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 321,615 shares of the bank’s stock after acquiring an additional 15,541 shares during the quarter. Toronto Dominion Bank makes up approximately 4.8% of Triasima Portfolio Management inc.’s holdings, making the stock its 3rd biggest holding. Triasima Portfolio Management inc.’s holdings in Toronto Dominion Bank were worth $37,905,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbor Group Inc. lifted its stake in shares of Toronto Dominion Bank by 4.0% during the 3rd quarter. Harbor Group Inc. now owns 3,277 shares of the bank’s stock worth $385,000 after purchasing an additional 125 shares during the period. Signal Advisors Wealth LLC acquired a new stake in shares of Toronto Dominion Bank during the third quarter worth $317,000. Riversedge Advisors LLC boosted its holdings in shares of Toronto Dominion Bank by 6.2% during the third quarter. Riversedge Advisors LLC now owns 4,319 shares of the bank’s stock worth $508,000 after purchasing an additional 253 shares during the last quarter. Emergent Wealth Advisors LLC boosted its holdings in shares of Toronto Dominion Bank by 192.1% during the third quarter. Emergent Wealth Advisors LLC now owns 11,849 shares of the bank’s stock worth $1,393,000 after purchasing an additional 7,792 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. grew its position in shares of Toronto Dominion Bank by 1.8% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 491,290 shares of the bank’s stock valued at $57,904,000 after purchasing an additional 8,700 shares during the period. 52.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on TD. Keefe, Bruyette & Woods started coverage on Toronto Dominion Bank in a research note on Friday, August 21st. They issued a “market perform” rating for the company. Wall Street Zen upgraded Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. Finally, Weiss Ratings raised Toronto Dominion Bank from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $148.00.

Toronto Dominion Bank Price Performance

TD opened at $119.80 on Friday. The company’s 50 day simple moving average is $119.93 and its 200 day simple moving average is $115.06. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. Toronto Dominion Bank has a 1 year low of $78.43 and a 1 year high of $125.46. The stock has a market capitalization of $197.04 billion, a PE ratio of 16.68, a P/E/G ratio of 1.17 and a beta of 0.75.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, August 27th. The bank reported $1.98 EPS for the quarter, topping the consensus estimate of $1.74 by $0.24. Toronto Dominion Bank had a net margin of 14.41% and a return on equity of 14.88%. The firm had revenue of $12.07 billion during the quarter, compared to analyst estimates of $10.70 billion. During the same quarter in the prior year, the business posted $2.20 earnings per share. Toronto Dominion Bank’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, sell-side analysts expect that Toronto Dominion Bank will post 7.04 EPS for the current year.

Toronto Dominion Bank Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Friday, October 9th will be issued a C$1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, October 9th. Toronto Dominion Bank’s dividend payout ratio (DPR) is 46.81%.

Toronto Dominion Bank Company Profile

Toronto-Dominion Bank, operating as TD Bank Group, is a Canadian financial services company headquartered in Toronto, Ontario. The bank was formed in 1955 through the merger of The Bank of Toronto and The Dominion Bank and serves customers in Canada and the United States.

TD provides a broad range of banking and financial services, including personal and commercial deposit accounts, lending, mortgages, credit cards, payments, investment products and financial advice. Its Canadian operations serve individuals, businesses and institutions, while its U.S.